Who bought Altera? This question has been on the minds of many in the tech industry since the acquisition was announced. In this article, we will delve into the details of the company that took over Altera and explore the implications of this significant deal.
The answer to the question “who bought Altera” lies with Intel Corporation. In a move that was seen as a strategic expansion into the FPGA (Field-Programmable Gate Array) market, Intel acquired Altera in a landmark deal worth $16.7 billion. The acquisition was completed in late 2015, marking a significant milestone for both companies.
Intel, a leader in the semiconductor industry, has a long history of investing in cutting-edge technologies. By purchasing Altera, Intel aimed to bolster its position in the FPGA market, which is a crucial component in various industries, including telecommunications, data centers, and aerospace. Altera, on the other hand, brought a strong portfolio of FPGA products and a talented team of engineers to the table.
The acquisition of Altera by Intel was not without its challenges. One of the primary concerns was the integration of the two companies’ cultures and processes. However, Intel has made efforts to ensure a smooth transition, emphasizing the importance of maintaining Altera’s innovative culture and customer focus.
The merger has had several positive outcomes for both companies. Intel has gained a competitive edge in the FPGA market, allowing it to offer a broader range of solutions to its customers. Additionally, the acquisition has enabled Intel to leverage Altera’s expertise in developing high-performance, low-power FPGAs, which are increasingly in demand as the world becomes more connected.
In conclusion, the answer to the question “who bought Altera” is Intel Corporation. This strategic acquisition has brought numerous benefits to both companies, enhancing their capabilities and market presence. As the tech industry continues to evolve, it will be interesting to see how Intel and Altera collaborate to drive innovation and meet the demands of an ever-growing market.
